Briefly state the pros and cons of Partnership
Briefly state the pros and cons of Partnership?
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Easy to organize; greater specialization of management; and greater financial resources.
Financial resources are still limited; unlimited liability; possibility of disagreement among the partners; and precarious continuity.
Adam Smith must have emphasized more strongly how his Wealth of Nations drew concepts and inspiration by Richard Cantillon’s Essai. Now today’s perspective that the Wealth of Nations would considered even
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